Top 5 Tools Every Crypto Investor Should Use for Research

The top 5 tools every crypto investor should use for research before putting their money behind a project

Do your research, or DYOR is a concept that is likely familiar to anyone who has spent even a brief amount of time in the cryptocurrency market. It has gained popularity in the cryptocurrency community and emphasizes the need for investors to conduct their research before supporting a project with money. Given that the cryptocurrency sector is still in its infancy and that it can be challenging to find publicly accessible market data, research, and guidance, this is easier said than done. For this reason, we have compiled a handy list of resources that every investor can utilize for their cryptocurrency study.

1. Market Trackers

The first and possibly most crucial tool for cryptocurrency traders and investors is a market tracker. They offer real-time price updates, statistics on trade volume, historical performance data, and many other helpful specifics. They offer a reliable snapshot of the market's present state and a solid framework for cryptocurrency study. These websites also let you compare coins in other categories.

2. Data Aggregators

Market trackers provide a solid picture of the market, but data aggregators like TradingView, Glassnode, and Coin Metrics are necessary to look further into a project. These sites offer in-depth analyses of the various cryptocurrencies and can give you useful information about how they will perform in the future.

3. Forums

You can connect with other traders and investors on forums. Every notable cryptocurrency project typically includes a Reddit page or a Discord server where investors and enthusiasts can discuss it. You can ask questions about the project and receive rapid answers from the locals.

4. Crypto Guides and News Websites

Cryptographic data can be complicated to comprehend. Additionally, it can be challenging to understand the many technical signs if you don't understand what they signify. News websites and guides on cryptocurrency play a role in this. Reliable platforms in this regard include CoinTelegraph, Decrypt, Binance Academy, ByBit Learn, Alexandria by CoinMarketCap, etc.

5. Podcasts

By listening to podcasts, you can learn a lot about the cryptocurrency industry. They give you the chance to learn from industry experts about many facets of a cryptocurrency project and the market as a whole. They also offer a thorough awareness of current affairs and their long-term effects.